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Legacy – Frequently Asked Questions

This section answers many of the questions that are frequently asked. If your question is not answered here, please don’t hesitate to contact us using the details at the bottom of the page.

How important is a Will?

Many people make false assumptions about what will happen to their estate if they do not have a Will. Not leaving a Will could result in lengthy and expensive complications for your family to sort out.

When should I write a Will?

Now, if you haven’t already done so. If you already have a Will, you should review it regularly, particularly when your personal circumstances change, for example if you get married or divorced, if you have new children or grandchildren or you move house.

Can I write my own Will?

Yes, although a do–it-yourself Will may prove to be a false economy. One tiny error can invalidate the entire Will, so we recommend that you employ a solicitor to do the work.

A short step to making or updating your Will

When you decide to make your Will, or next update it, contact a professional adviser. This may be your solicitor or financial adviser. They will also be able to help you with the correct wording if you decide to leave BASC a legacy in your Will.

There are four possible ways to leave a legacy to BASC:

I would like to leave all or part of my estate to BASC, what wording should be used in my Will?

The following wording covers a gift of a share of the estate:

I give to The British Association for Shooting and Conservation, of Marford Mill, Rossett, Wrexham, LL12 0HL (hereinafter call BASC) the residue (or % share of the residue) of my estate absolutely and I direct that (i) the proceeds may be used for the general purposes of the BASC and (ii) a receipt signed by a person for the time being authorised by the Council of BASC shall be a good and sufficient discharge to my executors. *

I want to leave BASC a fixed sum of money in my Will, how do I do this?

A fixed sum, or pecuniary legacy can be left using the following suggested wording:

I give to The British Association for Shooting and Conservation, of Marford Mill, Rossett, Wrexham, LL12 0HL (hereinafter call BASC) the sum of £_______ and I direct that (i) the proceeds may be used for the general purposes of BASC and (ii) a receipt signed by a person for the time being authorised by the Council of BASC shall be a good and sufficient discharge to my executors.*

I want to leave a gift of an item or the contents of my home to BASC

If you consider leaving special belongings to BASC, such as a firearm, furniture, a painting or even the contents of your house, BASC would be pleased to discuss this with you. Items would then be retained or sold with the proceeds used in accordance with your wishes. We appreciate that personal belongings are very special and any such transactions would be handled with great care and sensitivity.

As with any property, we would ask that you get in touch with BASC first to discuss your intentions.

I would like donations at my funeral in lieu of flowers to be used for the benefit of shooting, how do I ensure that this happens?

Many people prefer to see donations made to BASC in lieu of floral tributes. If this is stated in your Will the executors can make sure that your wishes are known. The following wording will ensure that your wishes are met:

“I request my executor to ensure that instead of flowers at my funeral donations are made to The British Association for Shooting and Conservation, of Marford Mill, Rossett, Wrexham LL12 0HL.”

Inheritance Tax

As the British Association for Shooting and Conservation Limited is not a registered charity, your Executors will, if your estate exceeds the threshold for inheritance tax, have to pay the due proportion of that tax on the gift. If the gift is not expressed to be free of tax the amount paid to BASC will be reduced by the inheritance tax payable. It is, however, possible for you to specify that the full amount of the gift should be paid free of tax itself so that the amount paid to BASC is not reduced and the inheritance tax on the gift (if any) is paid from the residue of your estate.

If you have any concerns about your inheritance tax position you can also discuss these with an independent financial adviser. They may be able to make recommendations to mitigate the problem.

 

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